The importance of financial independence: A roadmap for aspiring women entrepreneurs

Financial independence is empowering.

- MR. SURESH MANSHARMANI

When the woman takes control of herself with self-autonomy over personal financial decisions, she can take charge of her own destiny, contribute to her household, and thereby be a key player in economic development.

Female entrepreneurship is the most promising way, but women encounter difficulties that are often significantly different. With limited access to finance due to cultural and societal norms limiting their ability to exert control over their decisions, the journey of female entrepreneurs isn't easy. They can execute decisions that enhance the chances for a business success of sustainable ventures if given the right environment and mentorship on time.

Educational support and self-revamping constitute an important starting phase for women entrepreneurs. Women would need a deep knowledge of the industry and stay updated continuously to be ahead of the curve. Methods could be formal education, business workshops, or online courses.